Africa to Launch Its Own Credit Rating Agency on October 7 in Mauritius – La Nouvelle Tribune

Africa will launch the Africa Credit Rating Agency (AfCRA) on October 7, 2026, in Port-Louis, Mauritius, according to the United Nations Economic Commission for Africa and the African Peer Review Mechanism (APRM). The agency will assess the ability of African states, local governments, and companies to meet their financial commitments, operating independently from the African Union and funded by the private sector. Its creation, approved in 2024, aims to provide credible credit risk evaluations tailored to African economies.